Two portfolios A and B both are a combination of US stocks. On risk-return scatter plot, we observe that the slope of a ray from the origin outward that passes through portfolio A's and B's location is 1 and 1.2 respectively.
Which portfolio has a higher Sharpe ratio?

a) Sharpe ratio A < Sharpe ratio B
b) Sharpe ratio A = Sharpe ratio B
c) Sharpe ratio A > Sharpe ratio B
d) Not enough data is given to calculate the Sharpe ratio

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.